Solana recorded $90.62 million in app revenue during May. The SOL token closed May near $82, after starting its bearish streak at $220. Solana spot ETFs accumulated $115.34 million in net inflows during the same month. The app revenue network in May positioned Solana in first place across the entire blockchain ecosystem.
Solana has launched native subscriptions and spending allowances directly onchain, allowing developers to integrate recurring payments without relying on centralized billing providers. The framework supports multiple payment models, including subscription plans, recurring delegations, and fixed spending limits.
The June 2026 token unlocks could heighten market volatility, influencing investor strategies and potentially impacting smaller-cap tokens more. Solana ecosystem prepares for significant token unlocks in June 2026.
Arthur Hayes bet $100,000 that Hyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR) outperforms every other top 10 crypto by year-end, with Multicoin Capital co-founder Kyle Samani accepting and backing Solana (CRYPTO: SOL). Hayes Has $150 Target, Samani Once Called HYPE Everything Wrong With Crypto The wager carries extra weight given the history between the two.
Backpack Securities introduces tokenized American equities on the Solana network via Sunrise.
Solana spot ETFs hold $1.06B in AUM. SOL is down 77% from ATH.
Solana generated $91 million in application revenue in May, more than any other blockchain and ahead of Ethereum's $52 million, according to data shared by Defillama.
Solana price enters its ninth monthly candle as SOL watches $80 to $50 support and a possible wedge breakout.
Solana's downward trajectory has persisted for months, with blockchain metrics increasingly confirming this bearish momentum. The digital asset currently hovers near $79.50, locked within a trading channel that's remained intact since the beginning of the year.
Solana failed to settle above $84 and trimmed most gains. SOL price is now consolidating losses above $78 and might continue to move down.
The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This might make Solana's network issuance deflationary during periods of very high activity, according to some estimations.
BitMEX co-founder Arthur Hayes has predicted that the altcoin Hyperliquid will overtake Solana before this market cycle ends. The crypto founder has also reiterated his $150 price target for the HYPE token, predicting it will be reached by the start of the second half of the year.